McDermott Int'l (MDR) Tops Q3 EPS by 14c
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November 9, 2015 4:06 PM EST
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HOUSTON, Nov. 09, 2015 (GLOBE NEWSWIRE) -- McDermott International, Inc. (NYSE: MDR) (McDermott or the Company) today announced financial and operational results for the quarter ended September 30, 2015. The Company realized third quarter 2015 adjusted net income of $26.7 million, or $0.09 per fully diluted share, excluding restructuring charges of $6.3... More
November 9, 2015 4:01 PM EST
HOUSTON, Nov. 09, 2015 (GLOBE NEWSWIRE) -- McDermott International, Inc. (NYSE: MDR) announced today that it has been awarded a large brownfield contract by RasGas Company Limited (RasGas) for the engineering, procurement, construction and installation (EPCI) of a flow assurance and looping project consisting of 74 miles of 6- and 8-inch pipeline and topside modifications, offshore Qatar. Work is scheduled for completion by the end of the third quarter of 2017.Â
McDermott and RasGas have worked closely together for two decades with McDermott having fabricated and installed numerous RasGas facilities offshore Qatar. Currently, the companies... More
